A new Visiongain report projects that spending in the carbon dioxide (CO2) enhanced oil recovery (EOR) market will total $5.305bn at the start of 2014.
This includes spending on geological studies connected to CO2 EOR, injection and production well drilling and reworking, pumping equipment, CO2 recycling facilities and CO2 distribution pipelines.
The new report, titled The Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2014-2024, also covers investment in technology to capture carbon from anthropogenic sources, something that Visiongain notes is increasingly becoming a major feeder to CO2 EOR projects.
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